Axis Bank has reduced its bulk fixed deposit (Rs. 1 crore to Rs. 5 crore) rate with tenure of one to two years by 45 basis points to 6.25 percent. The revised fixed deposit rate for deposits with tenure of up to 10 years is now 6 percent. New rates are effective from 29th November, 2016.

22nd Nov 16 Axis Bank fixed deposit rate cut up to 50 basis points

Axis Bank has reduced its fixed deposits rates for one to three years tenure by 25 to 50 basis points. One year fixed deposit rate is reduced to 7 percent. The revised fixed deposit rates of Axis Bank for two and three years are now 6.75 percent. New rates are effective from 21st November, 2016.

17th Nov 16 Axis Bank MCLR cut 15 to 20 bps

Axis Bank has reduced its one year marginal cost fund based lending rate (MCLR) by 15 basis points to 9.05 percent and two year MCLR by 20 basis points to 9.10 percent. The minimum overnight and six months lending rates are reduced to 8.65 percent and 9 percent respectively. The new rates will be effective from 18th November, 2016.

Axis Bank has partnered with a Singapore based fintech platform to launch chat bots for its mobile banking customers in the form of a conversational interface. The new service will use artificial intelligence that will help the bank to provide personal and contextual interaction solutions to mobile banking users. Consumers can use the service through web, mobile, social and messaging channels.

09th Nov 16 Axis Bank launches Premier offer for personal loans

Axis Bank has launched a personal loan offer for the top executives of high category companies. Employees earning more than Rs.50,000 per month can avail personal loan at the rate of 13.50 percent with 1.50 percent processing fees. The offer is valid for logins from 3rd November, 2016 to 23rd December, 2016 and disbursal on or before 31st December, 2016.

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